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20120501
20120531
Search Results 0 to 17 of about 18 (some duplicates have been removed)
cliff in the united states and going into next week, riverfront investment groups and thank you for joining us. how bad was this in terms of the issue on jpmorgan, they are getting rift yet again. what's your take? >> we look at it as a slightly contrarian fashion. we talked about this a couple of times in the last month. about a month ago investor sentime sentiment went up to levels and it seemed to us and short-term indicators and probably two to pretty close-up port. >> pretty good support for the market. >> the long-term average and short-term bounce. i think jamie dimon is terrific fek. i also like sheer sheila bair and i hope they work things out. i respect him a great deal. >> you respect him. does that mean you don't think the bank should being broken up. is that what you're saying? >> whether they want to carve up the bank, i'll leave that to the legislators. he's got a grip. he watches every figure. he knows what is going on. so i've got a lot of faith and confidence in jamie dimon. >> i agree with you. let me ask you, rod, about investing in the second half of the yea
there. tell me about how this impacts the united states, in your view? >> well, i think it's pretty clear that the european is slowing. it's going to affect our growth this year and it's going to affect our growth in the future. but, secondly, when you look at the problems that europe has from a financial standpoint and their debt load, we're next. i mean, the picture is as clear as it can be. when i look back over the last year and a half, the president and i were unable to come to an agreement to take a significant chunk out of our long-term debt. it is a real concern and it's a real problem but you can't address these problems from congress alone. you need a president who will lead and the president is not leading. >> what is your plan if the euro starts to deteriorate further and then the euro zone along with it? >> well, i don't know that congress has a plan other than we're not gsh we're not in for more stimulus bills and we're not in for more bailouts. i can tell you that, that the u.s. house of representatives will not go there. and it's time for europe to deal honestly with
. his specialty is distress and there has been a lot of it in the euro zone. the united states is getting away from them. thing are getting expensive, given their moves in the market such as technology and other areas of retail. all of those managers that i spoke with expect to sell off in the market come november if president obama gets re-elected because they believe that the bush tax cuts will not be extended, which would mean a spike in capital gains and dividend taxes. bob pisani, he's on the floor of the nyc. >> we were waiting for the dow to go positive. the russell 2000 and nasdaq was positive, mid-cap index, and some of the other ones. transports were strong throughout the day. earnings are continuing strong. we're getting 7% earnings growth and, secondly, no other places to put money. the u.s. economy, as weak as it is, is still a source of growth, although not sufficient enough. and right now there are not attractive alternatives. >> green mountain is out. the company reporting the eps in the second quarter. as you can see on your screen, 64 cents a share right in li
coming on the heels of the worst week for the stock market last week here in the united states. the dow up 135 point and again, facebook very much in focus. as you will see, coming up here, as the close "closing bell" continues with maria bartiromo. i will see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo here on the floor of the new york stock exchange. is tht beginning of a market come back? gold man stacks is adding, giving us her take coming up on the program. facebook under pressure. stock set to close well below the ipo price. what it will take for facebook to recover. >>> and finishing the day on wall street. they ate those up and in fact closing up higher, up 135 points. 12,504 is where the industrial average settles out tonight. nasdaq composite very strong. 68 points higher. up 2.5% at 2847. s&p 500 tonight, up 21 points, as you can see, 1 2/3 percent at 1315. mark zuckerberg lost a couple billion today with the decline in facebook but he's got billions more. oth
little loans here in the united states and close off all of the walls? >> i think that's an unrealistic expectation. it's a challenge to be able to understand your books, hedge it. it's quite complicated. so i think the expectation that that will never happen is unrealistic. >> what should the average person looking at this come away with? is this a sign of another crisis in the making? try to put this into a proper perspective. >> we're still expecting the u.s. gdp growth to be 2 1/2 for the year. we see a lot of positives elsewhere. >> this particular jpmorgan story, is this an indication of some further crisis in the banking system? >> no. >> thank you so much for joining us. >> thank you very much. >> erin, thank you. >>> we asked you to chime in on twitter if another banking crisis was coming. here are some of your responses. the tank told us, the tank, we are in a banking crisis. too much money in the hands of too few hands. freedom has value, if sheila bair and others have their way, we'll be on the with us p of another government overreach crisis. and bob says, we have enough re
companies primarily selling in the united states. 80% of the sales in the united states and they are hurting jcpenney. they are taking shares away from them. they are taking buyers away from them and growing here in the united states. there's an example of a company investable in the united states. >> we'll leave it there. gentlemen, thank you so much. we'll check in and check in on this story. general motors announcing it will stop buying advertising on facebook because they satisfy it's ineffective. and now a new poll shows some results that made be red flags to potential facebook investors. we're going to check out the tires ahead of this ipo on friday. and then to jpmorgan, jamie dimon, is he still the guy to lead the company? tweet us your thoughts @cnbcclosingbell. you're watching cnbc, first in business worldwide. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investm
? >> they have a lot of great assets and a great following, especially outside the united states and in developing countries that are really interested in bringing blackberry messenger. now, that being said, is the os and as the software the key or is it the hardware that it goes on? maybe they are really struggling having trouble building devices that are going to resonate in some of these emerging areas and can't continue the growth there? maybe they need to partner up. >> yep, it could be that. gentlemen, thank you very much. we'll see you soon. >>> we'll tell you when the stock opens and any other headlines that come out of it. >>> watch out, older americans will likely get tossed over the fiscal cliff headed our way at the end of the year. another demographic could feel that even more. >>> you've heard of walmart but what about walmart express. who the retail giant is going after with this new strategy. stay with us on the "closing bell." on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement plan
the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> welcome back. these days a shareholder meeting at a big bank usually means fireworks inside and outside the meeting. this morning to exception for goldman sachs. mary thompson was there with the latest. >> reporter: really more like sparklers than fireworks. inside the tone was very civil with no big surprises. all the directors were re-elected, all the shareholder proposals failed and 94% of the investors gave a thumbs up to the executive pay plan. ceo lloyd blankfein answered questions about pay regulations and some of his directors jumping to the defense of michelle burns who investors targeted because she sits on the auditory committee of walmart's board. burns actually addressed the crowd telling them the retailer is looking into those allegations. outside there was a small group of protesters gathered, but again the tone inside was very cordial. blan -- concerns about chi
with economic data that has slowed in the united states. as we wrap up another trading session, here's what i'm watching. stocks shooting up sharply and then losing steam. the dow jones industrial average breaking even. strength today in utilities and telecom. weakness in technology, financial services kept the lid on gains. s&p posted the biggest gain since january. hit the highest level since the beginning of the month, in fact. technology due to cisco's disappointing guidance. s&p technology down for a sixth con section t consecutive day. with us is ben, private wealth management and bertha coombs at the nyse as well and rick santelli at the cme group. hi, everybody. let's talk about this market here and what you want to do. does anything about the way that we're trading, low volume, low volatility, cash on the sidelines worry you about or dictate to you how this market behaves the second half of the year? >> not really. we are becoming more cautious from mid- to late march and we're starting to roll over. the index slipping. correlation falling sharply and stocks no longer trading with ea
for retail sales. they even got the services sector, which account for 90% of the jobs in the united states right now. the sector growing more slowly, evidenced by the ism sector index. it fell in april to the lowest level since december, all of that putting pressure on stock and we ended down better than 60 points. trading might be over but investors have not lost their focus because tomorrow is an important indicator for the economy and for the markets. the report, of course, critical in the current state of economic recovery. let me tell you what people are expecting. the consensus is growth in jobs of 168,000 jobs in the month for the united states, on top of the dispinting 120,000 jobs created in the month of march. are these estimates overreaching? we get more analysis from our own bob pisani along with bob in his first tv appearance for deutsch bank. thank you for joining us. also is chief market strategist with alliance bernstein. what can you tell us, mary thompson? >> the company earned $1.65 in the first quarter. that is well above analyst estimate of 1.12. the net premium at 8.6
, the good news is china and the united states are carrying the global economy. i'm looking around 3.5 to 4% growth. the big issue is as we get into the fall, the campaign, the focus is going to be on the united states and i think you're going to see a lot of headwinds and noise, chatter, and not much action coming out of d.c. >> you take some profits, you make sure you're in the quality asset classes, dividend payers. i'll be buying energy and agricultural commodities. if it's not part of your portfolio, it doesn't matter what is going to happen. per capita incomes are rising. take some time to put good asset qualities in you're portfolio. >> sectors or stocks? >> i would agree with joe with regard to the energy side. you're in a situation where you're going to see more drilling in the gulf of mexico and internationally and with the drillers and oil support companies and best in schlumberger and that brings it down to a 12 p.e. it's very, very strong and you see significant growth there. health care space has largely been ignored. we're going to see people getting more comfortable with oba
made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> welcome back. outside of facebook the wall of worry is getting taller on the economic front. house speaker john boehner laying out his concerns in a "usa today" op-ped that the u.s. cannot ignore the debt situation. also raising red flags as reported in the last hour the same international economic group warning a severe recession may hit europe, saying expiring tax cuts in the u.s. and other programs could derail the u.s. economy. a concern shared by my next guest, chairman marty feldstein and joins us in an exclusive. good to have you on the program. let me get you to lay out where we are in this economic recovery. how do you see it? >> not very good. we're stumbling along. the folks forecasting 3% growth are much too optimistic. we'll be lucky if we have 2% growth for the rest of this year. >> 2% growth for the rest of this year. >>
of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >> finally tonight, my observation on just how broken greece has become. at a time they are supposed to be cracking down, do not pay the state. clear evidence it could be a lost cause. a singer named tolis who is married to a former greek politician
math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. we're often so busy dealing with what's in front of us that we lose sight of the big picture. that's why it's good, every now and then, to pause, take a new look at your financial plan and make sure you're headed in the right direction. for more than 140 years, pacific life has been offering integrated solutions that help to create a secure financial future. ask a financial professional about pacific life - the power to help you succeed. and people. and the planes can seem the same so, it comes down to the people. because, bad weather the price of oil those are every airlines reality. and solutions won't come from 500 tons of metal and a paint job. they'll come from people. delta people. who made us one of the biggest airlines in the world. and then decided that wasn't enough. >>> everybody was dying to hear what she would say about facebook's ipo. as expected she tier clear from controversial issues. she di
is prepared to act. we've passed 30 jobs bills out of the house that are sitting in the united states senate. the house is going to act to extend the current tax rates, whether we make them permanent, we extend them for a year, that debate is still up in the air. >> now, joining me one of those 18 ceos who signed off on the letter, his company pays the fourth highest dividend yield with a yield of 8.84%. that's a nice dividend, jeff. >> it's a nice shield. it's $500 million a year. >> no kidding. if the dividend goes up to 40%, are you going to cut it? >> no, our investors are very interested in our dividend. they care a great deal about it. it's very important to them and what we're really trying to do is to appeal to the administration to rethink their policy here. >> tell me about that. with the market, be overall economy, i think this has real i am pli kags. we tant to get the company's take on this. >> we are finally seeing modest improvement in the economy, albeit small. i think something this disruptive has the opportunity to affect not only job creation but investment and that's the
. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> welcome back to "closing bell." i'm kayla tausche. a little bit more on facebook. just getting word from the nasdaq that facebook shares will be cleared for trading at 11:00 a.m. there was some speculation about that window between 10:40 and 11:00 a.m. tomorrow. nasdaq releasing a statement saying it will be letsche a.m. remember, that mark zuckerberg and his team at facebook will be ringing the bell remotely at 9:30 a.m. eastern, 6:30 a.m. pacific time from the menlo park headquarters. we'll have carl quintanilla there live. bill? >> all right, kayla, thank you. meantime, with all the hype and buzz, do you think facebook can live up to its high valuation? we asked you and you responded. here is one from bill ciaraco. no way is facebook worth 30 to 40 times next year's earnings when apple trades at ten times this year's earnings. chris johnston also cast a doubt. he told us anyone who buys after the open will l
the impact of france will be in the united states. be sure to join us on tuesday. i'll be sitting down with house speaker joan boehner about his take on how he thinks the race is changing the republican strategy. that's on tuesday in washington with representative john boehner. you're watching cnbc, first in business worldwide. we'll be right back. at liberty mutual, we know how much you count on your car, and how much the people in your life count on you. that's why we offer accident forgiveness, where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life, or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life, so get the insurance responsible drivers like you deserve. call us at... or visit your local liberty mutual office, where an agent can help you find the policy that's right for you. l
Search Results 0 to 17 of about 18 (some duplicates have been removed)